Property profile

6028 Magazine St New Orleans, LA 70118

OFF-MARKET
Investment properties
Property ID
US36-0349128
4,316 SF 0.16 ac lot Built 1920
Entity Owned 7-yr Hold
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 4,316 SF
Lot 0.16 ac (7,033 SF)
APN 615111809
UPID US36-0349128

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician

Location

6028 Magazine St New Orleans, LA 70118-5824
New Orleans metro Census 11400 NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$713k
Blend (final) Blend
$225k

Owner & transaction history

since 2019
3 recorded transactions
2019
$1.5M
2017
Price N/A
2016
$1.2M

Zoning & alternative use

Top alternative use upside
Retail stores $640,000 +43.1%
Office building $575,000 +28.6%
Auto repair, garage $505,000 +13.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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